JPMorgan Chase CEO Jamie Dimon is calling on the government to implement a cryptocurrency ban. Dimon made waves on Capitol Hill during his testimony before the U.S. Congress on Wednesday, suggesting that cryptocurrencies should be shut down and banned. Dimon, […]
Japan’s SoftBank is looking to sell a 1.1% stake in the Indian food delivery platform Zomato. The block deal is valued at 11.28 billion rupees ($135.36 million), according to a report from CNBC-TV18 on Thursday, citing sources familiar with the […]
Most companies, especially in the automotive industry, typically keep their technological advancements as closely guarded secrets. However, Tesla stands out from the crowd. In a surprising move that has caused ripples in the electric vehicle (EV) sector, Tesla is now […]
Blockchain technology has advanced significantly in recent years, showing great promise. But despite impressive progress, blockchain technology still faces some technical challenges. One notable issue is scalability. To tackle this, one proposed solution is the traditional rollup approach. In this […]
Anatoly Legkodymov, co-founder of the seized crypto exchange Bitzlato, is expected to plead guilty in a U.S. court on Wednesday, after facing charges of allegedly processing millions of dollars in money laundering schemes. If convicted, Legkodymov could face a maximum […]
OpenView, a venture capital firm based in Boston known for supporting enterprise software companies like Calendly and Expensify, “abruptly winds down” operations amid challenging pressure on venture capital firms to generate returns on investors’ investment in an era of higher […]
After several months of playing catch-up, Google has officially unveiled Gemini, its latest and most powerful AI model, claiming superiority over OpenAI’s GPT-3.5. The announcement follows a report by The Information suggesting a potential delay in the full launch until […]
University spin-out Science Creates has received new funding boost to ignite deep tech innovation and pave the way for the UK’s leading role in the fourth industrial revolution. Science Creates announced on Wednesday it has secured £8.5 million in funding […]
There’s been a significant increase in the number of cyberattacks in recent years. According to a report from Check Point Research, global cyberattacks increased by 38% in 2022, compared to 2021. The growing cyber threats have also led to an […]
Elon Musk’s AI startup company, xAI, is looking to raise up to $1 billion in an equity offering, according to a recent filing with the Securities and Exchange Commission (SEC). The filing on Tuesday revealed that the company has secured […]
In a major move aimed at promoting the responsible development of artificial intelligence (AI), tech giants IBM and Meta today announced the launch of a new AI Alliance in collaboration with other tech leaders to advance ‘open, safe, responsible’ AI. […]
SoftBank Corp is investing a massive $514 million (approx. 473 million euros) in Dublin-based connected-vehicle technology startup Cubic Telecom in exchange for a 51% equity stake in the company. The deal will enable the two companies to gain greater access […]
Businesses globally are acknowledging the fact that remote working has become rapidly mainstream, prompting many countries to cater to the growing tribe of digital nomads. Malta, at the forefront of this movement in Europe, has successfully adapted to this shift […]
Last month, we covered the story of 23andMe after hackers leaked 4 million more of its user records, including records of the “wealthiest people living in the US and Western Europe.” As we reported back then, 23andMe confirmed the incident […]
Mistral AI, a generative AI startup co-founded by former researchers from Meta Platforms and Alphabet, is in the final stages of securing $487 million (roughly €450 million) in funding from notable investors, including Nvidia Corp. and Salesforce Inc., Bloomberg reported, […]
Research published on the NIH website reveals a daunting statistic: nine out of ten new drug candidates fail to navigate through clinical trials and gain regulatory approval. The findings further underscore the substantial challenges: a staggering 90% failure rate in […]
Doubtnut, an Indian EdTech startup that provides a mobile app to help students with solving math and science problems, has been acquired by Allen Career Institute for an undisclosed amount. This marks a stunning reversal of fortune for the once […]
Twilio is laying off about 5%, or 295, of its total workforce by the first quarter of 2024 in a strategic move toward achieving profitable growth. The news comes just ten months after the Cloud communications platform laid off 17% […]
While artificial intelligence (A)) continues to dominate the headlines, the decentralized finance (DeFi) space is steadily gaining momentum as investors pour millions into promising startups and projects. The latest players are Jelly Labs AG and Fintonomy LTD, the brains behind […]
Spotify announced on Monday it will lay off 17% of its workforce, or about 1,500 employees, to bring down costs. The latest round of job cuts comes after the music-streaming giant laid off 600 of its staff in January, and […]
